Arvantides v. Arvantides
| Decision Date | 04 April 1985 |
| Citation | 489 N.Y.S.2d 58,64 N.Y.2d 1033,478 N.E.2d 199 |
| Parties | , 478 N.E.2d 199 Patricia A. ARVANTIDES, Appellant, v. Stergeos G. ARVANTIDES, Respondent. |
| Court | New York Court of Appeals Court of Appeals |
The order of the Appellate Division, 106 A.D.2d 853, 483 N.Y.S.2d 550, should be modified, with costs, to reinstate the trial court's determination valuing defendant's dental practice at $178,500 and, as so modified it should be affirmed, and the case remitted to Supreme Court for the entry of an amended judgment in accordance with this memorandum.
The Appellate Division's reliance on the testimony of defendant's expert in determining the value of defendant's dental practice was erroneous, and constituted an abuse of discretion, because that witness was admittedly unfamiliar with the criteria for assessing the value of this type of professional practice, and needed to review certain background materials and case law before expressing an opinion as to the correct valuation factor to use. Defendant's counsel indicated that he would recall the witness after that review had been made, but no further testimony was ever offered. The $100,000 figure testified to by the witness was wholly speculative, therefore. Moreover, in relying solely on that figure the Appellate Division also failed to take into account the value of the tangible assets of the practice. Accordingly, the weight of the evidence more nearly comports with the determination of the trial court and we reinstate its finding regarding the value of defendant's practice.
We reach a different conclusion, however, with respect to plaintiff's claim that the Appellate Division should not have reduced her share of the value of the practice from approximately 50% to 25%. Although plaintiff's contributions as a homemaker are indeed worthy of full consideration (see, Domestic Relations Law § 236), there is no requirement that the distribution of each item of marital property be on an equal or 50-50 basis (see, Ackley v. Ackley, 100 A.D.2d 153, 156, 472 N.Y.S.2d 804; Rodgers v. Rodgers, 98 A.D.2d 386, 390-391, 470 N.Y.S.2d 401; Matter of Ward v. Ward, 94 A.D.2d 908, 909, 463 N.Y.S.2d 634). The Appellate Division did not abuse its discretion, therefore, in taking account of the modest nature of plaintiff's contributions to the dental practice. When it is considered that plaintiff has also received an award...
To continue reading
Request your trial
-
Alston v. Alston
...573 S.W.2d 695, 697 (Mo.Ct.App.1978); Rothman v. Rothman, 65 N.J. 219, 320 A.2d 496 (1974); Arvantides v. Arvantides, 64 N.Y.2d 1033, 1034, 489 N.Y.S.2d 58, 59, 478 N.E.2d 199, 200 (1985); Murff v. Murff, 615 S.W.2d 696 (Tex.1981); Papuchis v. Papuchis, 2 Va.App. 130, 132, 341 S.E.2d 829, 8......
-
Rosenstock v. Rosenstock
...item of marital property be made on an equal basis" (Chalif v. Chalif, 298 A.D.2d 348 [2002] [citations omitted]; accord Arvantides v. Arvantides, 64 N.Y.2d 1033 [1985] ; Franco v. Franco, 97 A.D.3d 785 [2012] ; Kelly v. Kelly, 69 A.D.3d 577 [2010] ; Adjmi v. Adjmi, 8 A.D.3d 411 [2004] ; Gr......
-
Peterson v. Goldberg
...economic relationship in a manner representative of the contributions each has made to the marriage (see, Arvantides v. Arvantides, 64 N.Y.2d 1033, 489 N.Y.S.2d 58, 478 N.E.2d 199; Ullah v. Ullah, 161 A.D.2d 699, 555 N.Y.S.2d 834). However, in both cases, the vested property right, be it fo......
-
Nadasi v. Nadel-Nadasi
...Law § 236[B][5][d][7] ; Fields v. Fields, 15 N.Y.3d 158, 162, 905 N.Y.S.2d 783, 931 N.E.2d 1039 ; Arvantides v. Arvantides, 64 N.Y.2d 1033, 1034, 489 N.Y.S.2d 58, 478 N.E.2d 199 ; Hymowitz v. Hymowitz, 119 A.D.3d 736, 739, 991 N.Y.S.2d 57 ; cf. Giokas v. Giokas, 73 A.D.3d 688, 690, 900 N.Y.......
-
Divorce Equality
...similarly difficult, especially when the contributions are indirect and consist of the daily work of maintaining a home and family. 142. 478 N.E.2d 199 (N.Y. 1985). 143. Id. at 200 (internal citations omitted). 144. Id. 145. 517 N.Y.S.2d 952 (App. Div. 1987). 146. Id. at 963. 147. Id. 148. ......